India's surgical gloves market has witnessed significant growth over the past few years. Surgical gloves are indispensable medical devices that act as a barrier for the transmission of pathogens, blood, chemicals and infectious agents between caregivers and patients during surgical procedures. They help enhance precision, improve grip and protect both healthcare professionals and patients from cross-contamination during surgical procedures. Key applications of surgical gloves include examinations, surgeries and various medical procedures conducted in hospitals, clinics, diagnostic centers and ambulatory care settings. The government of India has been ramping up healthcare spending to provide quality and affordable healthcare through various initiatives like Ayushman Bharat and expansion of medical infrastructure in rural areas. This is expected to drive the volume of surgeries performed in the country and subsequent demand for surgical gloves.

The global India Surgical Gloves Market is estimated to be valued at US$ 125.67 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

The India surgical gloves market is mainly driven by increased healthcare spending by the government of India. As part of the Union Budget 2022-23, the government allocated INR 86,200 crore (US$ 11.08 billion) for healthcare, which marked an increase of over 19% compared to the revised estimates for 2021-22. This increased allocation will help strengthen medical infrastructure and drive up demand for surgical gloves from both public and private healthcare facilities in the country.

Another key driver for the market is rising awareness about strict compliance with hygiene and safety protocols during surgical procedures to curb hospital acquired infections (HAIs). Availability of advanced gloves made from new materials offering better protection, sensation and comfort is also propelling the India surgical gloves market growth.

SWOT Analysis
Strength: India has a large domestic market due to its large population, which creates demand for surgical gloves. The Indian government's focus on healthcare infrastructure development and increasing healthcare spending will boost market growth. Industry players in India offer surgical gloves at competitive prices due to relatively lower manufacturing costs.

Weakness: The coronavirus pandemic led to disruption in the supply chain and production of surgical gloves in India in 2020. Significant dependence on imports for raw materials increases the risk of supply chain disruptions. Limited access to healthcare in rural areas remains a challenge.

Opportunity: Growing medical tourism and rising disposable incomes are expected to drive the demand for surgical gloves. Increasing awareness about infection control and safety practices in hospitals presents an opportunity for industry players to educate and expand their customer base.

Threats: Strong competition from dominant global players may affect domestic players. Fluctuations in raw material prices and stringent regulatory frameworks adds compliance burden on manufacturers.

Key Takeaways
The Global India Surgical Gloves Market Size is expected to witness high growth over the forecast period driven by increasing healthcare infrastructure, healthcare reforms, and rising number of surgeries in the country. The global India surgical gloves market is estimated to be valued at US$ 125.67 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030.

Regional analysis: The southern region currently dominates the India surgical gloves market owing to higher healthcare infrastructure and healthcare spending. States like Tamil Nadu, Telangana and Karnataka are expected to drive the region's market share over the forecast period. The western and northern regions also offer lucrative opportunities for market players and are expected grow at a faster pace.

Key players: Key players operating in the India surgical gloves market are Dow, Henkel, BASF, Nordson, LORD Corporation. These players are focusing on expanding their production capacities in India and offer surgical gloves at competitive prices to tap into the growing domestic demand. Collaborations with hospitals and distributors are also key strategies adopted by leading players to strengthen their market presence.

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